When obtaining an understanding of internal controls, what is the independent external auditor primary concerned with?A. Detecting all errors.B. Determining the effectiveness of operations.C. Determining whether the internal controls can be relied upon.D. Determining whether the controls promote efficiency.
Answers
When obtaining an understanding of internal controls, the independent external auditor is primarily concerned with determining whether the internal controls can be relied upon. Option C is correct.
Internal control is a process, influenced by an entity's board of directors, management, and other staff. It is intended to provide assurance that the organization achieves its objectives by achieving compliance with laws and regulations, promoting operational efficiency, and protecting against fraud, theft, and waste. The independent external auditor is primarily concerned with determining whether internal controls can be relied upon. So, option C is correct.
An independent external auditor determines whether internal controls can be relied upon by conducting tests and assessments. They test whether the controls are operating correctly and whether they can provide assurance that financial statements are fairly presented. The auditor assesses the efficiency of internal controls to find areas where improvement is required. Based on these assessments, the auditor then gives a report to the company, which can help them improve their internal controls.
Therefore, the correct option is C.
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Related Questions
In order to send out emails to potential customers, you will need:
a target market
b the available market
c a customer database
d a viral market
Answers
Answer:
I think the answer is C.
Explanation:
I dont know
Benefits for organizations that successfully implement supplier relationship management can include
Answers
Answer:
1. More market speed
2. Reduced costs
3. better and Improved quality
Explanation:
A supplier relationship management can be explained as the process of knowing those suppliers that are really important to the growth of a business and putting into place, a system that would help in the managing of existing relationships with these important suppliers.
Organizations that are able to fully implement such relationships enjoy benefits such as
1. increased speed to the market
such relationships can help to remove delays that are caused by supply chains
2. They enjoy reduced costs
product sampling, contract negotiation, sampling of new suppliers could take a lot of time as well as money. Mistakes could even be made
3. They also enjoy quality items from the suppliers
what can we infer about the salesman from baltimore
Answers
Answer:
That he is a salesman
Explanation:
Answer:
He believes that working with others is a smart business move.
Explanation:
Got a 100 ill post the other three
Follow = Multiple thanks
Answers
Welcome welcome welcome
Describe the internal control issue in the following situation. The mail clerk opens the mail, records the receipts, and turns this record and the receipts over to the bookkeeper, who deposits the receipts in the bank. The bookkeeper then records the receipts in the customer accounts.
Answers
The internal control issue in the situation with the mail clerk opening the mail and recording the receipts, and the bookkeeper recording the deposits, is Segregation of Duties.
What is the Segregation of Duties internal control ?The procedures, checks, and balances that must be put in place when a business expands are known as internal controls. Any component of your business, from IT to human resources, can be related to internal controls.
One important internal control is the separation of duties, which prevents employees from being able to commit fraud or errors while also covering them up while performing their regular duties.
The idea that managing a firm shouldn't be the responsibility of one person forms the cornerstone of segregation of roles. No one individual should be in charge of any task that could result in fraud or other illegal activities that could hurt the business.
This is why the mail clerk and the bookkeeper should not be doing the number of tasks that they do.
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What does it mean return processing has been delayed beyond the normal timeframe?
Answers
If return processing has been delayed beyond the normal timeframe, it means that the processing of a returned item or product is taking longer than it typically would under normal circumstances.
The delay could be due to a variety of reasons, such as an unusually high volume of returns, staffing shortages or delays, or technical issues with processing systems.
In general, the normal timeframe for return processing depends on the policies of the retailer or business that the item was purchased from. This timeframe is typically outlined in the retailer's return policy, and can vary depending on factors such as the type of product being returned and the reason for the return.
If return processing is delayed beyond the normal timeframe, it may result in frustration and inconvenience for the customer who is waiting for a refund or replacement. In some cases, the delay may also be indicative of broader issues within the retailer's operations or supply chain, such as inventory management or quality control problems.
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Through a comparable company analysis for Alibaba, you determined a P/E ratio of 6.0x is appropriate to value the company. Based on this metric, what is the implied Enterprise Value of Alibaba? Review Later $740,366 $1,391,693 $1,055,792 $898,073
Answers
Answer:
$740,366
Explanation:
The computation of the enterprise value is given below:
P/E ratio = Market Capitalization ÷ Earnings
6 = Market Capitalization ÷ $149,680
Market Capitalization is
= 6 × $149,680
= $898,080
Now,
Enterprise Value = Market Capitalization + Market Value of Debt - Cash & Cash Equivalents.
= $898,080 - $157,714
= $740,366
which strategy is used by firms that believe increasing colume of sales will help the firm more than increasing profits
Answers
Answer:
Sales Orientation
what will I need to start a clothing shop
Answers
Answer:
Explanation:
But meanwhile his you are going to start a new clothing business you will not have much finance ( money ) but first u have to advertise to the customers . get the customers attraction and there satisfaction , because then one customer will spread the whole news about your clothing shop to almost all the customers. which will be beneficial for you .
You will have to advertise on the tv , radio , bill boards , newspapers , many other marketing equipments plus u must advertise your business in a way that the customers will be willing to purchase your clothes from your clothing shop.
Then eventually you will gain more profits and will lead to profits so after sometime you can create a a online shopping like a website , because some and many customers will be willing to purchase your clothes through the online platform. which saves the customers time and transportation costs and etc.
By the way the main element is customers because without customers there will be no lead / success to your clothing shop.
Hope this answer helps you :)
Have a great day.
Mark brainliest :)
Which of the following is a section found in most business plans?
A. Crowdfunding
B. Bank account information
C. Legal requirements
D. Target market
Answers
Answer:
D. Target market
Explanation:
Enjoy the response
Out of the choices provided above, the legal requirements and target market are the sections generally found in most of the business plans. Therefore, the options C and D hold true.
What is the significance of a business plan?A business plan can be referred to or considered as a plan that is a part of the functions of management of the business process throughout their entirety of operations. Planning is the first and foremost step in business operation.
A business plan includes the key elements that revolve around the operations to be carried out by a business organization. The legal requirements and target market are taken into consideration while making a business plan.
Therefore, the options C and D hold true and state regarding the significance of business plan.
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Explain the project planning steps
Answers
Set goals
Prioritize tasks
Create a schedule
Communicate.
What cost term best fits the following descriptions? Choose from the following list of terms: direct cost, indirect cost, cost object, trace, allocate, and assign. Terms may be used more than once.
o anything for which a manager would like to know the cost
o A cost that can be traced to a cost object.
o A general term for attaching any type of cost to a cost object o A cost that is related to a cost object, but can't be traced to it o The method of assigning costs that results in a los precise cost figure o A cost that is readily associated with a cost object o The specific term for attaching a direct cost with a cost object o The specific term for attaching an Indirect cost with a cost object o A cost that is only used or shared by several cost objects o The method of assigning costs that results in a very precise cost figure o Whether a cost is direct or indirect depends on this
Answers
Anything for which a manager would like to know the cost best fits the following descriptions. In this case, Option A is correct
A manager is a person who oversees a specific area of a business, or they "manage" the business. Managers may be in charge of a department and the personnel within it. In some situations, the manager is in charge of the entire company. For instance, a "restaurant manager" is in charge of the entire establishment.
A manager is someone who primarily performs managerial duties. They ought to have the authority to hire, fire, discipline, conduct performance reviews, and keep track of attendance. Additionally, they ought to be able to approve overtime and vacation time. The person in charge is he or she.
Managing personnel or a particular division of the business on a daily basis is another responsibility of the manager.
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refer to the following diagram. which of the following answers provides the best interpretation of the multiplicities for the association between the employees and the product categories classes?
Answers
The best interpretation of the multiplicities for the association between the Employees and Product Categories classes is that each employee can be associated with multiple product categories, but each product category can only be associated with one employee.
In the given diagram, the multiplicities indicate the cardinality or the number of instances of one class that can be associated with the instances of another class. In this case, the association is between the Employees class and the Product Categories class.
The multiplicity on the side of the Employees class shows that each employee can be associated with multiple product categories. This means that an employee can have expertise or involvement in different product categories within the company. For example, an employee may specialize in multiple areas or may be responsible for overseeing different product lines.
On the other hand, the multiplicity on the side of the Product Categories class indicates that each product category can only be associated with one employee. This suggests that there is a one-to-one relationship between a product category and the employee responsible for that category. It implies that each product category has a designated employee who takes care of its management, development, or promotion.
By having this association, the diagram represents a clear assignment of responsibilities and expertise within the organization. It ensures that each product category has a dedicated employee overseeing its operations while allowing employees to have involvement in multiple categories based on their skills and knowledge.
UML class diagrams provide a visual representation of the relationships and structure of classes in an object-oriented system. Associations between classes indicate how instances of one class are related to instances of another class. Understanding the various notations and multiplicities used in UML class diagrams can help in interpreting and designing complex systems.
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Technology allows firms to listen to customers' wants, track their purchases, provide them with better service, and give them more access to information.
Answers
Answer:
This is true
Explanation:
With the recent development in modern communication technologies, communication with customers is is now very easy and yet very sophisticated. The advent of modern day communication in business like the internet and online shopping had now made it possible for a customer to communicate their wants easily to the seller and also make purchase, track their purchase and easily access more information about their seller and their purchase all from the comfort of their homes.
the plan is a preliminary, approximate schedule of an organization’s overall operations that will satisfy the demand forecast at minimum cost.
Answers
The to the question is that a plan is a preliminary, approximate schedule of an organization's overall operations that aims to meet the forecasted demand at the lowest cost. This plan serves as a guide for the organization efficiently allocate resources and fulfill customer needs.
1. Preliminary and approximate: A plan is not set in stone and may change over time as circumstances evolve. It is created based on the available information and assumptions at the time, so it should be viewed as a rough estimate rather than an exact roadmap.
2. Schedule of operations: The plan outlines the various activities and tasks that need to be carried out by the organization to achieve its goals. It includes details such as production schedules, delivery timelines, staffing requirements, and any other operational activities.
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The money supply in Macroland is currently 2,500, bank reserves are 200, currency held by public is 500, and banks' desired reserve-deposit ratio is 0.10. Assuming the values of the currency held by the public and the desired reserve-deposit ratio do not change, if the Central Bank of Macroland wishes to increase the money supply to 3,000, then it should conduct an open-market ______ government bonds.
Answers
Answer: purchase of 50
Explanation:
Open market operations is used when the central bank either buys or sells government securities. This is done in order to contract or expand the availability of money.
Based on the scenario in the question, if the Central Bank of Macroland wishes to increase the money supply to 3,000, then it should conduct an open-market buy 50 government bonds.
Which measure of GDP is more accurate?
Answers
True gross domestic product (GDP), as opposed to nominal GDP, is a better indicator of an economy's output. real GDP is calculated using prices from the a base year.
Which statistic is more precise, PPP or GDP nominal?When evaluating the home market of a state, GDP analogies utilizing PPP seem to be arguably more valuable than those that use nominal GDP because PPP accounts for the relative price of local goods, services, and inflation rates rather than relying on world market currency fluctuations, which could distort the real.
Why is actual GDP more precise?Even though there is a constant growth in the number of products and services produced, inflation causes its value to rise with time. However, the actual GDP is calculated by taking inflation into account and hence represents a more accurate measure of GDP.
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how has the right to education addressed to differently able persons?How far is it appropriate to keep such provision with view of justice?Present your logics.
Answers
Answer:
,
Explanation:
i think this is answer right
Which of the following choices incur speculative risk?
a.stocks
b.fire insurance on a house
c.options
d.life insurance
e.high interest savings account
Answers
Answer: correct option is A.
Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.
Stocks incur speculative risk. Therefore option A is correct.
What are Stocks?A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.
Common stock and preferred stock are the two primary categories of stocks.
Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.
Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.
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Research into genetically modified crops has led to significant productivity gains for countries such as the United States that employ these techniques. Countries such as the European Union member nations, however, have imposed controls on the import of these products, citing concern for public health. Given the situation, the European Union's regulation of genetically modified crops is
Answers
Answer:
The answer is " If you have legitimate health issues, then it is the part of the share-the-earnings theory".
Explanation:
It also stands for EPS, which is the primary financial measure that demonstrates a firm ’s profitability. Its estimation consists of dividing the gross profit of the business with its number of shares. Its greater the company's profits for each share, the greater its productivity.
It is the management of efficiency, that indicates how often revenue the business generates for its stockholders buy not just because of increases in earnings, and because of the impact of new ordinary shares.
Emilio is photographing a series of hills on his uncle's farm. He remembers that he needs to try to add a foreground to his image to make it appear three dimensional. How is he MOST LIKELY to add this foreground? A. B. C. D. He might change his position to include some foreground items such as rocks or grasses. He might tilt his camera up to better capture the tops of the hills. He might add some framing trees in the middleground of his image. He might circle around to the side of the hills to capture the cows standing on top. PLS HELP!!
Answers
Emilio is photographing a series of hills on his uncle's farm. He remembers that he needs to try to add a foreground to his image to make it appear three-dimensional. He is most likely to add this foreground Option A. He might change his position to include some foreground items such as rocks or grasses.
The foreground of an image is usually the element that is closest to the viewer. The foreground is often used to add depth to an image. If a photographer wants to create a 3D appearance in his image, he must ensure that the image has a foreground, mid-ground, and background. It is possible to include a foreground in a photo by modifying the angle of the shot and including elements in the foreground.
Emilio might change his position to include some foreground items such as rocks or grasses. By doing so, he will be adding depth to his image. Another way to add foreground to an image is to use framing trees in the middle ground of the image, but this may not provide the depth required. Tilt his camera up to better capture the tops of the hills or circling around to the side of the hills to capture the cows standing on top are not recommended, as the question seeks to add a foreground.
Therefore, Emilio is most likely to add the foreground by changing his position to include some foreground items such as rocks or grasses. Therefore, the correct option is A.
The question was incomplete, Find the full content below:
Emilio is photographing a series of hills on his uncle's farm. He remembers that he needs to try to add a foreground to his image to make it appear three-dimensional. How is he MOST LIKELY to add this foreground?
A. He might change his position to include some foreground items such as rocks or grasses.
B. He might tilt his camera up to better capture the tops of the hills.
C. He might add some framing trees in the middle ground of his image.
D. He might circle around to the side of the hills to capture the cows standing on top.
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What is one request a borrower can make of a lender if they know they will never be able to pay their full debt?
A. The borrower can ask for fees and penalties to be eliminated.
B. The borrower can ask for a reduction of the interest rate.
C. The borrower can ask to be absolved of some of the debt.
D. The borrower can ask for the monthly payment to be reduced.
Answers
The one request a borrower can make of a lender if they know they will never be able to pay their full debt is the borrower can ask for fees and penalties to be eliminated.
What happens if the borrower fails to repay the loan?A loan is known to be a kind of money that is borrowed for a length of time and it is known to be a non-performing asset (NPA).
When the repayment is overdue, the lender can seize the asset of the borrower and when a borrower can make of a lender if they know they will never be able to pay their full debt is the borrower can ask for fees and penalties to be eliminated.
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Answer:
C. The borrower can ask to be absolved of some of the debt
Explanation:
when the u.s. interest rate differential ________, the demand for dollars ________ and the demand curve for dollars shifts rightward. A. rises, does not change OB, rises, ncreases O C. fals, decreases OD, fall, increases O E. rises, decreases o select your answer
Answers
When the U.S. interest rate differential rises, there is an upward shift in the demand for dollars.
Higher returns: A higher U.S. interest rate attracts investors who are seeking to earn higher returns on their investments. Holding U.S. dollars allows them to take advantage of the higher interest rates, increasing the demand for dollars.
Capital inflows: When the U.S. interest rate becomes more favorable compared to other countries, it encourages capital inflows from foreign investors. These investors need to acquire U.S. dollars to invest in U.S. assets, leading to an increase in the demand for dollars.
Strengthening currency: The increased demand for dollars can also contribute to the strengthening of the U.S. dollar exchange rate. This further enhances the attractiveness of the U.S. currency, attracting more demand for dollars from investors and traders.
Overall, the positive relationship between the U.S. interest rate differential and the demand for dollars results from higher returns, capital inflows, and the strengthening of the U.S. dollar. This leads to a rightward shift in the demand curve for dollars as the quantity of dollars demanded increases.
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Answer:
A.lower interest rates
Explanation:
Which of the following statements about justice is correct as it relates to an ethical decision in a business-related setting? O A. Justice favors the employee. O B. Justice favors no one. O c. Justice favors observers. O D. Justice favors the employer.
Answers
Answer:
B. Justice favors no one
Explanation:
Stagflation is a:
A) situation of low inflation and low unemployment
B) combination of inflation and recession
C) combination of deflation and recession
Answers
Stagflation is a combination of inflation and recession. The correct option is B.
Stagflation is a term used to describe an economy that is experiencing both high inflation rates and stagnant economic growth or recession. It is a challenging economic situation because policymakers often have to choose between combating inflation or stimulating economic growth, as the two goals can be at odds with each other.The correct option is B.
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After a job interview, you should _____.
A. Celebrate
Write a thank you letter
call the interviewer immediately to see if you got the job
call your friend to tell them about the interview
Answers
Answer:
I think that after a job interview you should call your friend and tell them about the interview you should not celebrate because you don't know if you've gotten the job and if you call your friend they might give you hope on getting the job
CRM implementation could be milestone for building new strategic competences/ digital transformation process of Companies. Can you identify the key issues/ challenges for A Company X (a real example of your choice) during this process CRM adoption? Do you think that a small Business could have benefits from CRM program? Briefly analyze one case study / companies of choice that use CRM to build a good and profitable relationship with Customers. (i. E: Hints for answer with analysis from 1 case study: How CRM act as s strategic marketing tool? Explain the changing landscape of Marketing in 2020s that lead to the Rise of Relationship Marketing. Please discuss with examples. )
Answers
Despite these challenges, a CRM program could have significant benefits for a small business. For example, it can help small businesses streamline customer data management, improve customer segmentation and targeting, and personalize customer communications and experiences, which can lead to increased customer satisfaction and loyalty.
One case study of a company that has successfully implemented a CRM program to build good and profitable relationships with customers is Salesforce. Salesforce is a leading provider of CRM software and services, and it has built its own business model around the concept of relationship marketing. Salesforce uses its own CRM software to manage customer data, interactions, and communications, and it also provides its customers with tools and services to do the same.
CRM acts as a strategic marketing tool for Salesforce by helping the company to better understand and engage with its customers. Through its CRM program, Salesforce is able to collect and analyze customer data from multiple sources, including social media, email, and website interactions, to gain insights into customer behavior and preferences. This allows Salesforce to personalize its communications and offerings to each individual customer, which can lead to increased customer satisfaction and loyalty.
The changing landscape of marketing in the 2020s has led to the rise of relationship marketing, which emphasizes building long-term relationships with customers through personalized and value-added interactions. This approach is particularly effective in today's digital age, where customers have more control over the buying process and demand personalized experiences. Companies that can effectively implement CRM programs to support relationship marketing are likely to be more successful in building profitable and sustainable customer relationships.
Why should you understand what you can and cannot copyright?
Answers
Answer:
Copyright is important as it helps to protect the value of an author/academic/researchers work, by giving the originator of the work the ability to protect it from unlicensed or uncredited usage.
Explanation:
Answer:
So that therefore you wouldn't be fined of plagiarism of any kind.
Explanation:
coffee to
growing more
16)
16]
2 TGH are a public limited company which makes sports shoes (trainers). It makes
a variety of designs for the mass market. The mass market is for young people
who want fashionable sports shoes as well as those who play sport. The Directors
segment of customers who have a medical problem with their feet and need
recently decided to target a niche market which is for a particular market
b) Identify two examples of the different markets for TGH products.
c) Identify and explain two reasons why TGH sell to a niche market.
d) Identify and explain two advantages to TGH of segmenting the market
e) Do you think the Directors of TGH were right to target a niche market
or should they have stayed with just a mass market? Justify your answer.
specially designed shoes,
a) What is meant by a 'niche market'?
for sports shoes.
Revision checklist
In this chapter you have learned:
the role of marketing-identifying and satisfying customer needs as well as
Answers
Answer:
Is this reading then answering questions or....
Explanation:
I dont get the question sry but I'll try to help
3) What is the present value of $1000, received at the end of 4 years of investment, with a discount rate of 4%?
Answers
Answer:
$854.81
Explanation:
The formula for calculating the present value is as below
PV = FV/( 1 + r)^n
Where Fv =1000
r = 4% or 0.04
n= 6
PV = $1000/ (1 + 4/100)^4
PV=$1000/(1 + 0.04)^4
PV=$1000/1.16985
PV =$854.81
.
Answer:
3629.9
Explanation:
I just did the test and thats what it told me the correct answer was.